TD Waterhouse Canada Inc. Increases Stock Position in Cal-Maine Foods, Inc. $CALM

TD Waterhouse Canada Inc. boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 239.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,898 shares of the basic materials company’s stock after buying an additional 6,275 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cal-Maine Foods were worth $827,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Cal-Maine Foods by 6.8% in the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after acquiring an additional 108,578 shares during the period. American Century Companies Inc. boosted its position in Cal-Maine Foods by 8.8% during the second quarter. American Century Companies Inc. now owns 1,563,734 shares of the basic materials company’s stock valued at $155,795,000 after purchasing an additional 126,791 shares in the last quarter. Geode Capital Management LLC grew its stake in Cal-Maine Foods by 7.5% in the second quarter. Geode Capital Management LLC now owns 1,095,246 shares of the basic materials company’s stock valued at $109,132,000 after purchasing an additional 76,102 shares during the last quarter. Squarepoint Ops LLC grew its stake in Cal-Maine Foods by 60.1% in the second quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company’s stock valued at $93,058,000 after purchasing an additional 350,771 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Cal-Maine Foods by 6.6% in the second quarter. Bank of America Corp DE now owns 705,671 shares of the basic materials company’s stock worth $70,306,000 after purchasing an additional 43,414 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.5%

NASDAQ CALM opened at $83.91 on Tuesday. The company has a fifty day simple moving average of $81.69 and a two-hundred day simple moving average of $93.79. The stock has a market cap of $4.00 billion, a P/E ratio of 3.54 and a beta of 0.26. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, January 7th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $769.50 million for the quarter, compared to analysts’ expectations of $828.46 million. Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. Cal-Maine Foods’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same period last year, the firm earned $4.47 earnings per share. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, January 28th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 12.13%.

Wall Street Analysts Forecast Growth

CALM has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, January 5th. BMO Capital Markets reduced their price target on Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. Finally, Stephens set a $85.00 price objective on Cal-Maine Foods and gave the company an “equal weight” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cal-Maine Foods currently has an average rating of “Hold” and a consensus target price of $93.00.

About Cal-Maine Foods

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.